ZIP Code · LA

ZIP 70131

Part of New Orleans, LA

Pop. 25,151·Orleans Parish·46th most expensive ZIP in Louisiana

Median rent (all units)

$1,463/mo

Year-over-Year

+8.7%

Month-over-Month

+2.3%

vs US Median

-$469

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 70131 · $1,463

More affordable than 76% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$970

1 BR

$1,120

2 BR

$1,340

3 BR

$1,710

4 BR+

$2,000

Research median

$1,340/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Louisiana

Rent in ZIP 70131 changed +8.7% over the year to September 2026. Across the 75 Louisiana ZIP codes Zillow tracks, the typical change was +3.0%.

Recent direction

Rent has risen 7 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($62,389) is $1,560 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,340); a 3-bedroom is $1,710.

Rank in New Orleans

3rd cheapest of 15 ZIP codes in New Orleans.

Cheaper nearby

ZIP 70058, 7 miles away, rents for 12% less ($1,285/mo), about $2,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 70131. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$17,556/yr

At $1,463/mo median

Location

CityNew Orleans

StateLA

CountyOrleans Parish

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 8.7% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+8.7% YoY, +2.3% MoM), not inventory.

Demographics

Who lives here

ZIP 70131 (New Orleans, LA) is majority owner-occupied, has a median income below the national average, 38.8% of residents hold a bachelor's degree or higher.

Population

25,151

Median income

$62,389

Median age

Renters

34.6%

Age distribution

21.4%

21.2%

26.1%

12.6%

18.7%

Under 1821.4%

18–3421.2%

35–5426.1%

55–6412.6%

65+18.7%

Gender

46.7%

53.3%

Male46.7%

Female53.3%

Race & ethnicity

21%

64.4%

White21%

Black64.4%

Hispanic9.8%

Asian3.3%

Other1.6%

Education (25+)

23.9%

29.3%

38.8%

No HS diploma8%

HS diploma23.9%

Some college29.3%

Bachelor's+38.8%

Housing tenure

65.4%

34.6%

Owner65.4%

Renter34.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 70131 in New Orleans, LA has changed in 5 years

Income

$56,464 → $62,389

up 10.5%

Population

27,160 → 25,151

down 7.4%

Renter share

41% → 34.6%

-6.4 pts

Bachelor's+

37.8% → 38.8%

+1.0 pts

Median age

38.4 → 40

+1.6 yrs

Census figures show median household income at $62,389 today, compared with $56,464 five years earlier. Headcount in the area went from 27,160 to 25,151 between 2021 and 2024, a 7.4% change. About 34.6% of households rent today, against 41% in 2021.

Community

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Local insights

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About renting in ZIP 70131

Last updated: October 17, 2026

ZIP code 70131 covers New Orleans, LA. The median rent here is $1,463/mo as of October 2026. A 1-bedroom rents for a median of $1,120/mo. A 2-bedroom rents for a median of $1,340/mo.

At 28% of local median household income ($62,389/yr), ZIP 70131 ranks as affordable compared to the national benchmark of 30%. Rents have increased 8.7% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 70131?

To keep rent at or below 30% of gross income, you would need to earn at least $59,000/year (about $28/hour full-time) to afford the median rent of $1,463/mo in ZIP 70131. The local median household income is $62,389/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 70131?

Rent in ZIP 70131 has risen 8.7% over the past year.

How does ZIP 70131 compare to other ZIPs in Louisiana?

ZIP 70131 is in the middle among Louisiana ZIP codes for rent, ranking #46 of 92 at $1,463/mo. Over the year to September 2026, rent in ZIP 70131 changed +8.7%, against a typical +3.0% across the 75 Louisiana ZIP codes Zillow tracks.